Asia’s largest mixed martial arts organization, One Championship has secured a huge investment deal with Singapore’s Temasek Holdings.
The investment sum was not revealed, however, the deal is believed to be worth a ‘significant eight-figure’ amount. The deal was struck with the Heliconia Capital Management, which is a subsidiary of Temasek. Heliconia chief Derek Lau will join the Board of One Championship as part of the deal. The deal is also expected to take One Championship above the $1 Billion valuation in the market.
"Derek and I both believe One Championship can become Asia's first multi-billion dollar sport media property. It is a big boost for the global MMA industry and a massive point for the sport in Asia,” One Championship founder and chairman Chatri Sityodtong said.
The Singapore-based organization has been riding on some great momentum recently with stars like Angela Lee, Ben Askren and many others on their roster.
The deal comes just days after Ultimate Fighting Championship (UFC) was sold for a record amount of $4 billion.